Event Venue and Description – Sheffield Chamber of Commerce, Albion House, Saville Street, Sheffield

Incoterms are Internationally recognised terms used in International sales contracts.  Devised by the International Chambers of Commerce and used by importers and exporters all over the world, these three-letter trade terms define the risks and responsibilities of buyers and sellers in International Trade Contracts.

New Incoterm rules were implemented on 1st January 2011.  The new rules are designed to keep pace with changes in International Trade and revised definitions and revisions are designed to give greater clarity and precision to the terms.

The number of terms has been reduced from 13 to 11, with four of the old rules being abolished and two rules terms being created.  The text for each rule has been updated and rationalised and there are now clear guidance notes for the use of each rule.  The New Incoterms® Rules may now be used for trade both between and within countries and customs – free blocks.

For further information and details of how to register, please follow the link provided.